04.24.23 Two Mortgage Warnings / Clark’s NEVER NEVER Advance Deposit Rule
The Clark Howard Podcast
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How to Avoid PMI and Keep a Reasonable Monthly Payment
Nick and Marilyn are looking to buy a home in the summer of 2024 with the goal putting 20% down to avoid PMI. When talking to the lender, he advised them to put down 19%. He said lenders will give us a better rate than if we put down 20%. I'd never heard of this strategy before. And I'm wondering if he's onto something or if he's trying to get the better of us. Or he's on something.
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